To put that into numbers for you, a one-bedroom is approximately $1,300 per month and a two-bedroom is approximately $1,500 per month. An additional 125 units are covered under RCFI program, which caps rent at 30% of local area income. The overall rent roll on those units has to be no more than 90% of the average market rate for the area.
On June 9th, 2023. See this statement in context.